Dunkin' Donuts 2015 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2015 Dunkin' Donuts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Dear Shareholders,
The year 2015 clearly demonstrated the strength and
sustainability of our asset-light, franchised business
model. Despite some negative headwinds, we met or
exceeded our financial performance targets, including
delivering nearly 10 percent adjusted operating income
growth and 11 percent adjusted earnings per share
growth, and, importantly, both our U.S. businesses
showed growth in franchisee store-level profits.
We had several other significant
accomplishments in 2015, including:
• Growing the Dunkin’ Donuts U.S. restaurant
footprint at greater than five percent;
• Continuing to develop a very successful Dunkin’
Donuts business in the western part of the U.S.;
• Launching Dunkin’ Donuts K-Cup® pods into
thousands of retail and online outlets nationwide;
• Growing the Dunkin’ Donuts Perks Rewards program
to greater than 4.3 million members in its second year
and launching mobile ordering and delivery tests;
• Continuing the remarkable turnaround of the
Baskin-Robbins brand in the U.S.;
• Completing a successful debt refinancing at an
attractive fixed interest rate;
• Returning more than $725 million to our shareholders,
thereby underscoring the fact that our asset-light
franchised business model is resilient to fluctuations
in comparable store sales growth and should allow us
to grow our earnings in the future as we develop both
our restaurant and CPG businesses.